Happy New Year! The mortgage rates continue to fall as 2015 rolls around the bend. These low rates are sending potential home buyers back onto the playing field. According to the Mortgage Bankers Association, mortgage applications surged last week. A measure of total loan application volume, also kn [Read More]

Average rates on long-term mortgage have started to rise. Rates on a 30 year fixed rate mortgage is creeping back up over 4% to 4.02%, creating an increase for the second week after a 5 week consecutive drop, according to mortgage giant, Freddie Mac. Even with the increase the rates are still lower [Read More]

In this country it is very common to make the decision to purchase your own home. Some may call it the "American Dream", some may call it a nightmare, but either way MOST people do it. What is uncommon is for the average American to be able to purchase said home with cash in one lump sum, therefore [Read More]

You can now get a 30-year fixed mortgage for under 4%. As of now, the numbers tick slightly, but the range remains remarkably low 3.96% to 4.08%. It's extremely weird, verging on stunning when you consider we are supposedly in the later stages of a recovery.Usually at this point in an economic turn [Read More]

Mortgage rates on a 30 year fixed rate mortgage fell last week to 4.17%, according to mortgage giant Freddie Mac. Although these rates are not the lowest seen this year, the rates do remain low and provide a welcome boost to the housing market.Freddie Mac collects mortgage rates from lenders across [Read More]

According to mortgage giant Freddie Mac, rates on a 30-year fixed rate mortgage inched up from record lows last week to 3.39% this week. Last month the Federal Reserve began buying mortgage bonds in an effort to encourage more borrowing, as well as more spending. The Fed stated that they wil [Read More]

According to mortgage giant, Freddie Mac, mortgage rates on a 30 year fixed rate mortgage dropped last week to 3.55% from 3.59% the week before. The lowest rates seen since in 1950s were seen only six weeks ago and have been rising steadily ever since. Although the cheap mortgage rates have aide [Read More]

Rising from 3.55% to 3.59% this week, rates on a 30 year fixed rate mortgage rose slightly this week for the second week in a row, accourding to mortgage giant, Freddie Mac. Although the rates are only slightly above historic lows, the cheap mortgage rates have aided in a modes recovery in the ho [Read More]

According to the National Association of Realtors (NAR), the housing affordability conditions have reached the highest level seen since 1970. When taking into consideration the median home prices, median family income and the average mortgage interest rate, the Housing Affordability Index rose to [Read More]

The average mortgage rate on a 30-year fixed rate mortgage rose slightly this week to 4.22%, from a 30 year record low of 4.15% the week before, according to mortgage giant, Freddie Mac. Average rates on a 15-year fixed rate mortgage, a popular choice for refinancers, also inched up this week to 3.4 [Read More]